The Pros and Cons of Higher Transparency: The Case of Speculative Attacks

Jean-Pierre Allegret () and Camille Cornand
Additional contact information
Jean-Pierre Allegret: GATE - Health System Analysis Laboratory - Université de Lyon, ENS LSH - Ecole Normale Supérieure Lettres et Sciences Humaines

Post-Print from HAL

Abstract: The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one of the main pillars of the new international financial architecture. The effects of transparency are shown to be ambiguous both from a theoretical and empirical point of views. However, the imperfect connection resulting from the confrontation between theory and empirics suggests that some new insights are necessary in order to better catch stylised facts on the one hand and to better evaluate the theory on the other, as has been done in recent literature. This leads to new proposals for economic and informational policies.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in Recherches Economiques de Louvain - Louvain economic review, 2005, 72 (3), pp.215-246. ⟨10.3917/rel.723.0215⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: The pros and cons of higher transparency: the case of speculative attacks (2006)
Working Paper: The pros and cons of higher transparency: the case of speculative attacks (2006)
Working Paper: The Pros and Cons of Higher Transparency: The Case of Speculative Attacks (2006)
Working Paper: The Pros and Cons of Higher Transparency: The Case of Speculative Attacks (2005)
Working Paper: The Pros and Cons of Higher Transparency: The Case of Speculative Attacks (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00279027

DOI: 10.3917/rel.723.0215

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().